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Evrim Resources creates two new gold royalties in Mexico
Evrim Resources creates two new gold royalties in Mexico Canada NewsWire VANCOUV...
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[{"type":"text","content":"\n\n\n\nEvrim Resources creates two new gold royalties in Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 24, 2020\n\n\n\nRoyalty assets organically created from Evrim's generative exploration programs \n VANCOUVER, BC, July 24, 2020 /CNW/ - (TSX-V: EVM) Evrim Resources Corp. (\"Evrim\" or the \"Company\") is pleased to announce that it has entered into an agreement with a private Mexican company to sell two non-core exploration properties in northwestern Mexico in exchange for net smelter return royalties (\"NSR\").  Evrim will transfer a 100% interest in the La Lola and Cumaro properties in exchange for a respective 2% NSR and 1% NSR on any future production.  Evrim has also obtained a future right of a 0.5% NSR on 7,053 hectares of prospective ground known as the Picacho claims, should the claims be acquired by the private Mexican company.\n\n \n \n \n \n \n \n\n \nHalf of the La Lola 2% NSR may be purchased for US$1.75 million, and half of the Cumaro 1% NSR may be purchased for US$1.0 million.  \nAbout the La Lola Property\nLa Lola is a large 6,301-hectare land package located ten kilometres southeast of the town of Esqueda, Sonora.  The project covers the La Barra vein, a five-kilometre long manganiferous calcite-fluorite vein with elevated gold, silver and mercury values in flexures along the strike of the vein.  Margins of the La Barra vein also display lattice-bladed quartz after calcite.  Collectively, these features are indicative of the higher levels of an epithermal vein system.  Potential exists for a epithermal gold-silver targets at depth none of which have been tested by drilling. \nAbout the Cumaro Property\nCumaro is a 620-hectare claim located approximately 250 kilometres north of Hermosillo and immediately adjacent to the Picacho mining district.  Picacho is a low sulphidation epithermal vein field that has been mined intermittently through the 1800's and 1900's.  The Cumaro claim lies immediately south and east of the ...